Officers & Directors

Officers & Directors

Management Team

Hollis M. Greenlaw
Hollis M. Greenlaw
Chairman & CEO
Hollis M. Greenlaw Mr. Greenlaw has served as our Chief Executive Officer and Chairman of our board of trustees since our formation in May 2008. Mr. Greenlaw also has served as Chief Executive Officer of UMTH LD since March 2003 and served as its president from March 2003 until July 2011. He also has served as partner, Vice Chairman and Chief Executive Officer of UMT Holdings and as President, Chief Executive Officer and a director of UMT Services since March 2003. Mr. Greenlaw is also the co-founder and Chief Executive Officer of UDF I, UDF II, and UDF III, affiliated real estate finance companies that provide custom financing and make opportunistic purchases of land for residential lot development and home construction. As Chief Executive Officer of the United Development Funding family of entities, Mr. Greenlaw has directed the funding of more than $2 billion in loans and equity investments through United Development Funding products, receiving more than $946 million in repayments to date. From March 1997 until June 2003, Mr. Greenlaw served as Chairman, President, and Chief Executive Officer of a multi-family real estate development and management company owned primarily by The Hartnett Group, Ltd., a closely-held private investment company managing more than $40 million in assets. There he developed seven multi-family communities in Arizona, Texas, and Louisiana with a portfolio value exceeding $80 million. Prior to joining The Hartnett Group, Mr. Greenlaw was an attorney with the Washington, D.C. law firm, Williams & Connolly, where he practiced business and tax law. Mr. Greenlaw was a member of Phi Beta Kappa at Bowdoin College and received his Juris Doctorate from the Columbia University School of Law in 1990. Mr. Greenlaw is a member of the Maine, District of Columbia, and Texas bars. Our board of trustees selected Mr. Greenlaw to serve as a trustee because he is our Chief Executive Officer and has served in various executive roles with our sponsor or its affiliates since 2003. He has expansive knowledge of the public homebuilding and real estate industries, and has relationships with chief executives and other senior management at a multitude of real estate companies. His demonstrated leadership skills, business expertise and extensive REIT executive experience provide him with the skills and qualifications to serve as a director.
Todd Etter Jr.
Todd Etter Jr.
Chairman and Partner of UMT Holdings
Todd Etter Jr. Mr. Etter has served as director, partner and Chairman of UMT Services, the general partner of UMT Holdings and UMTH LD and Executive Vice President of UMTH LD since March 2003. UMT Holdings originates, purchases, sells and services loans for the development of single-family lots and loans for the construction of single-family homes through its subsidiary UMTH LD. UMT Holdings also provides real estate-related corporate finance services through its subsidiary UMTH GS. UMTH GS serves as the advisor to UDF IV and United Mortgage Trust. Mr. Etter serves as Chairman of the general partner of UDF I and UDF II and Executive Vice President of the general partner of UDF III, each of which are limited partnerships formed to originate, purchase, sell and service land development loans and/ or equity participations. Since 2000, Mr. Etter has been the Chairman of UMT Advisors, Inc., which served as the advisor to United Mortgage Trust from 2000 through July 31, 2006, and since 1996, he has been Chairman of Mortgage Trust Advisors, Inc., which served as the advisor to United Mortgage Trust from 1996 to 2000. Subsequent to the completion of the terms of their advisory agreements with United Mortgage Trust, neither UMT Advisors, Inc. nor Mortgage Trust Advisors, Inc. has been engaged in providing advisory services. Mr. Etter has overseen the growth of United Mortgage Trust from its inception in 1997 to over $160 million in capital. Since 1998, Mr. Etter has been a 50% owner of and has served as a director of Capital Reserve Corp. Since 2002, he has served as an owner and director of Ready America Funding Corp. Both Capital Reserve Corp. and Ready America Funding Corp. are Texas corporations that originate, sell and service mortgage loans for the purchase, renovation and construction of single-family homes. In 1992, Mr. Etter formed, and since that date has served as President of, South Central Mortgage, Inc. (“SCMI”), a Dallas, Texas-based mortgage banking firm. In July 2003, Mr. Etter consolidated his business interests in Capital Reserve Corp., Ready America Funding Corp. and SCMI into UMT Holdings. From 1980 through 1987, Mr. Etter served as a Principal of South Central Securities, an NASD member firm. In 1985, he formed South Central Financial Group, Inc., a Dallas, Texas-based investment banking firm, and he continues to serve as its President; however, since 1992, South Central Financial Group, Inc. has not actively engaged in investment banking activities. From 1974 through 1981, he was Vice President of Crawford, Etter and Associates, a residential development, marketing, finance and construction company. Mr. Etter received a Bachelor of Arts degree from Michigan State University in 1972.
Michael K. Wilson
Michael K. Wilson
Director of UMT Services and Partner of UMT Holdings
Michael K. Wilson Mr. Wilson joined UMT Holdings in 2004 and currently oversees Investor Relations. Mr. Wilson has served as President of UMT Holdings since 2009 and Partner of UMT Holdings since 2007. Prior to joining UMT Holdings, Mr. Wilson served as Senior Vice President of Operations of Interelate, Inc., a provider of marketing and business process outsourcing services. Prior to Interelate, Mr. Wilson served as Senior Director and Vice President of Matchlogic, an online database marketing firm and Division Director for Electronic Data Systems. Mr. Wilson graduated from Oakland University with a Bachelor of Science degree in Management Information Systems and earned a Master of Business Administration degree from Wayne State University.
Benjamin L. Wissink
Benjamin L. Wissink
President of UMTH Land Development and Partner of UMT Holdings
Benjamin L. Wissink Mr. Wissink joined UMTH Land Development L.P. (asset manager of United Development Funding IV) in September 2005, serving as its President since June 2011. Prior to June, he served as Chief Operating Officer from 2005 through 2011, and has been a partner of UMT Holdings since September 2008. Mr. Wissink has directed the management of more than $1.21 billion in loans and equity investments through United Development Funding (UDF) products, receiving more than $592 million in repayments to date. From June 2003 through August 2005, Mr. Wissink served as the Controller for the Dallas/Fort Worth land division for the national homebuilding company, Lennar Corporation. During that time, Mr. Wissink also served as an analyst for the Texas region. Mr. Wissink graduated from the University of Iowa in 2003 with a Bachelor of Business Administration degree in finance.
Cara D. Obert
Cara D. Obert
Chief Financial Officer of UMTH Land Development and Partner of UMT Holdings
Cara D. Obert Ms. Obert serves as our Chief Financial Officer and Treasurer and is a partner of UMT Holdings. Ms. Obert served as the Chief Financial Officer for UMT Holdings from March 2004 until August 2006 and served as Controller for UMT Holdings from October 2003 through March 2004. She has served as the Chief Financial Officer of UMTH LD since August 2006. From 1996 to 2003, she was a self-employed consultant, assisting clients, including Fortune 500 companies, in creating and maintaining financial accounting systems. From May 1995 until June 1996, she served as Controller for Value-Added Communications, Inc., a Nasdaq-listed telecommunications company that provided communications systems for the hotel and prison industries. From 1990 to 1993, she was employed with Arthur Andersen LLP, an international accounting and consulting firm. She graduated from Texas Tech University in 1990 with a Bachelor of Arts degree in accounting. She is a Certified Public Accountant.
Brandon Jester
Brandon Jester
Director of UMTH Land Development, Director of Asset Management
Brandon Jester Mr. Jester serves as Director of Asset Management where he oversees the department and the transaction process in every UDF market. Mr. Jester joined UDF in 2008 as an Asset Manager, responsible for managing UDF’s financing activities in the Austin and San Antonio markets. Prior to joining UDF, Mr. Jester served as Land Acquisitions Manager for Highland Homes in the Houston, Austin and San Antonio markets. During his time with Highland Homes, Mr. Jester initiated and established relationships with high-profile development firms and negotiated contracts with more than 50 developers and financial counter-parties across the state of Texas. Mr. Jester was also responsible for securing lot positions for Highland’s entry into the Houston market. Mr. Jester began his career in financial management with Fidelity Investments, while obtaining a Bachelors of Business Administration degree in Accounting from Texas A&M University in College Station.

Board of Trustees

Hollis M. Greenlaw
Hollis M. Greenlaw
Chairman of Board of Trustees
Hollis M. Greenlaw Mr. Greenlaw has served as our Chief Executive Officer and Chairman of our board of trustees since our formation in May 2008. Mr. Greenlaw also has served as Chief Executive Officer of UMTH LD since March 2003 and served as its president from March 2003 until July 2011. He also has served as partner, Vice Chairman and Chief Executive Officer of UMT Holdings and as President, Chief Executive Officer and a director of UMT Services since March 2003. Mr. Greenlaw is also the co-founder and Chief Executive Officer of UDF I, UDF II, and UDF III, affiliated real estate finance companies that provide custom financing and make opportunistic purchases of land for residential lot development and home construction. As Chief Executive Officer of the United Development Funding family of entities, Mr. Greenlaw has directed the funding of more than $2 billion in loans and equity investments through United Development Funding products, receiving more than $946 million in repayments to date. From March 1997 until June 2003, Mr. Greenlaw served as Chairman, President, and Chief Executive Officer of a multi-family real estate development and management company owned primarily by The Hartnett Group, Ltd., a closely-held private investment company managing more than $40 million in assets. There he developed seven multi-family communities in Arizona, Texas, and Louisiana with a portfolio value exceeding $80 million. Prior to joining The Hartnett Group, Mr. Greenlaw was an attorney with the Washington, D.C. law firm, Williams & Connolly, where he practiced business and tax law. Mr. Greenlaw was a member of Phi Beta Kappa at Bowdoin College and received his Juris Doctorate from the Columbia University School of Law in 1990. Mr. Greenlaw is a member of the Maine, District of Columbia, and Texas bars. Our board of trustees selected Mr. Greenlaw to serve as a trustee because he is our Chief Executive Officer and has served in various executive roles with our sponsor or its affiliates since 2003. He has expansive knowledge of the public homebuilding and real estate industries, and has relationships with chief executives and other senior management at a multitude of real estate companies. His demonstrated leadership skills, business expertise and extensive REIT executive experience provide him with the skills and qualifications to serve as a director.
Phillip K. Marshall
Phillip K. Marshall
Independent Trustee
Phillip K. Marshall -Certified Public Accountant, Texas

-Independent Trustee, Chairman of Audit Committee, United Mortgage Trust (2006)

-Chief Financial Officer of public and private oil and gas, water technology, restaurant and entertainment companies (2003)

-Former Principal and Audit Partner for Whitley Penn independent certified public accountants (2001)

-Former Director of Audit Services for Jackson & Rhodes, PC (1992)

-Former Audit Partner for Toombs, Hall and Foster and KPMG Peat Marwick (1987)

-B.B.A., Accounting, Texas State University (1972)
J. Heath Malone
J. Heath Malone
Independent Trustee
J. Heath Malone -Co-Founder and Partner and Chief Financial Officer of Max Industries, Ltd. d/b/a Furniture Max (2002) ($15MM)

-Former Chief Financial Officer of Mericom Corporation (1998) ($60MM)

-Former Chief Operating Officer of OmniAmerica Development, a Hicks Muse & Tate company (1995)

-Former Chief Financial Officer of US Alarm Systems (1992)

-Accountant, Arthur Andersen (fraud audit team) (1989)

-Certified Public Accountant state of Texas

-B.A., Accounting, Southern Methodist University (1989)
Steven J. Finkle
Steven J. Finkle
Independent Trustee
Steven J. Finkle -Founder and President of National Brokerage Associates a full service insurance brokerage house (1995)

-Member of the Board of Directors of the National Association of Life Brokerage Agencies

-Partner, Broker Resources of America

-Former board member District of Columbia Association of Insurance and Financial Advisors

-B.B.A. Georgia State University (1972)

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